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132 E Delaware Place 5506
Chicago, IL 60611
$1,569,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2746
Property Description
Offering the most desirable floorplan among the prestigious condos at 132 E. Delaware, this sophisticated 2,746 sqft northeast corner 3 bedroom, 3 bath residence is priced to sell! Enjoy stunning views of Lake Michigan from oversized windows throughout. This elegant home offers neutral, upscale finishes, including crown molding, designer lighting, marble and granite flooring, custom wall and window treatments, and more. The efficient renovated kitchen has everything you need -- beautiful walnut cabinetry with abundant storage, black granite counters with a modern satin finish and waterfall edge, under-counter and recessed lighting, and top-quality appliances, including a Miele induction cooktop and a SubZero wine refrigerator. All three bedrooms are spacious and have custom-built-out closets; the primary bedroom has two large walk-in closets. All three full baths have been updated and include new or refinished vanities, Kalista or Fantini hardware, Toto toilets, and new lighting. Other features include a laundry room with a full-size front-loading LG washer/dryer, two HVAC systems, auxiliary baseboard heat, central humidification, and a Bang & Olufsen audio system with built-in speakers. Building amenities include professional management, full-time door staff, additional storage, an onsite garage offering monthly self-park and valet options, and hourly guest parking. Residents enjoy discounted access to the 5-star Four Seasons hotel, including guest rooms, health club memberships, spa services, restaurants, and room service. World-class shopping and dining are at your doorstep; you can access the Shops at 900 (retail mall) without leaving the building! Life doesn't get much easier than this!
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1989
MLS Number
11999317
Location
Address
132 E Delaware Place 5506
City
Chicago
State
IL
Zip Code
60611
County
COOK (NORTHEAST CHICAGO)
Listing
Provider
Engel & Völkers Chicago, original listing
Name
Engel & Völkers Chicago
Phone
(773) 797-9500
Office Name
Engel & Völkers Chicago
Office Phone
(773) 797-9500
Agent Name
Jennifer Ames

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.